TipTVFinance

GBP/USD – watch out for rebound from 1.4403

FX:GBPUSD   British Pound / U.S. Dollar
UK data released a few minutes ago was upbeat given the sharp spike in average hourly earnings including bonus. Exclusive of bonus, wage growth was slightly slower-than-expected. Meanwhile, jobless claims dropped as well.

The small fall in the headline claimant count measure in April was dwarfed by the upward revision to the March figure, with 8,000 claimants added to that month taking the total to a rise of 14,700.

Thus, the drop in GBP/USD             could be a trap.

Outlook

  • Watch out for a rebound from 1.4403-1.4410 levels as in the light of an upbeat UK data, such a rebound could translate into a convincing break above 1.4441 followed by a rally to 1.4480-1.45 levels.
  • On the lower side, an hourly close below 1.4403 would shift risk in favor of extension of losses to 1.4368 levels.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out